Agricultural Productivity Value

 

            True and full value of agricultural land is not based on the market value concept.  It is based on a productivity formula established by the ND Legislature.  Each year, the State Tax Commissioner certifies the county average agricultural value to the county director of tax equalization.  The county director then determines the average agricultural value of each assessment jurisdiction.  The local assessor then determines the value of each agricultural parcel by considering soil productivity, soil capability, and soils analysis.